Western Asset Intermediate Muni Fund Inc. (NYSE:SBI – Get Free Report) announced a monthly dividend on Friday, February 21st, Wall Street Journal reports. Investors of record on Thursday, May 22nd will be paid a dividend of 0.042 per share on Monday, June 2nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.37%. The ex-dividend date of this dividend is Thursday, May 22nd.
Western Asset Intermediate Muni Fund has raised its dividend by an average of 8.1% annually over the last three years.
Western Asset Intermediate Muni Fund Price Performance
Shares of NYSE:SBI opened at $7.91 on Friday. The business has a 50-day moving average price of $7.80 and a 200 day moving average price of $8.01. Western Asset Intermediate Muni Fund has a 12-month low of $7.60 and a 12-month high of $8.29.
Western Asset Intermediate Muni Fund Company Profile
Western Asset Intermediate Muni Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company. It invests in the fixed income markets of the United States. The fund invests in securities that provide income exempt from federal income tax.
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